We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Burford Capital Limited | LSE:BUR | London | Ordinary Share | GG00BMGYLN96 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13.00 | 1.07% | 1,226.00 | 1,226.00 | 1,228.00 | 1,235.00 | 1,201.00 | 1,201.00 | 98,278 | 16:35:12 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 1.39B | 610.52M | 2.7883 | 4.40 | 2.69B |
From Apr 2019 to Apr 2024
TIDMBUR
RNS Number : 5504B
Burford Capital Limited
08 October 2020
8 October 2020
BURFORD CAPITAL LIMITED
Notification of transactions by persons discharging managerial responsibilities
Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, provides the following notification of various PDMR transactions.
Burford has been notified of certain securities purchased on 5 October 2020 by Hugh Steven Wilson, Burford's Deputy Chairman. Mr Wilson purchased 20,590 Bank of New York Mellon-sponsored American Depository Receipts ( " ADR " ) representing Burford shares at a price of $8.95 per ADR.
As announced in 2018 and earlier in 2020, Jonathan Molot, Burford's Chief Investment Officer, transferred 6,000,000 ordinary shares in Burford to Jonathan Molot LLC ("JM LLC"), a company controlled by Mr Molot. Ongoing annual movement of ownership interests in JM LLC back-and-forth between Mr Molot and annual trusts established by Mr Molot of which he and his family members are the beneficiaries is expected as a normal part of the US estate planning undertaken. Certain further movement occurred on 7 October 2020, with a 5.569598% and a 25.284185% interest in JM LLC being returned to Mr Molot from the Jonathan T. Molot 2018 Trust and the Jonathan T. Molot 2019 Trust, respectively; those interests were in turn transferred on 8 October 2020 to Jonathan T. Molot 2020 Trust No. 2, of which Mr Molot is initially the sole beneficiary. These transfers do not affect the overall interest in shares in Burford held by Mr Molot and the associated annual trusts.
Additionally, Burford reports that on 5 October 2020 Burford's Employees' Benefit Trust delivered shares to the following persons discharging managerial responsibilities ("PDMRs") who had previously been granted conditional share awards in prior years pursuant to the Burford Capital 2016 Long Term Incentive Plan. The vesting of the awards was subject to performance conditions, which were satisfied.
Hot Features
Premium
PDMR Number of shares Number of shares Balance of shares
vesting: sold to meet transferred:
tax liabilities:
Jim Kilman 8,570 0 8,570
----------------- ------------------ ------------------
Mark Klein 12,855 4,366 8,489
----------------- ------------------ ------------------
The Notification of Dealing Forms for each of the transactions mentioned above are included at the end of this announcement.
For further information, please contact:
Burford Capital Limited
Jim Kilman, Chief Financial Officer +1 917 985 9840
Robert Bailhache, Head of Investor Relations, +44 (0)20 3530
EMEA and Asia - email 2023
Jim Ballan, Head of Investor Relations, Americas +1 (646) 793
- email 9176
Numis Securities Limited - NOMAD and Joint +44 (0)20 7260
Broker 1000
Huw Jeremy (NOMAD)
Charlie Farquhar / Jonathan Abbott (Joint Broker)
+44 (0)20 7029
Jefferies International Limited - Joint Broker 8000
Graham Davidson
Tony White
About Burford Capital Limited
Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management , asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the London Stock Exchange, and it works with law firms and clients around the world from its principal offices in New York, London, Chicago, Washington, Singapore and Sydney.
For more information about Burford: www.burfordcapital.com
This release does not constitute an offer of any Burford fund. Burford Capital Investment Management LLC ("BCIM"), which acts as the fund manager of all Burford funds, is registered as an investment adviser with the U.S. Securities and Exchange Commission. The information provided herein is for informational purposes only. Past performance is not indicative of future results. The information contained herein is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including, without limitation, interests or shares in the funds). Any such offer or solicitation may be made only by means of a final confidential Private Placement Memorandum and other offering documents.
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Hugh Steven Wilson
--------------------------------------------- -------------------------------------
2 Reason for the notification
(a) Position/status A PDMR occupying the position of
Deputy Chairman
(b) Initial notification Initial
/Amendment
--------------------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
(a) Name Burford Capital Limited
(b) LEI 549300FUKUWFYJMT2277
--------------------------------------------- -------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
(a) Description of BRFRF American Depository Receipts
the financial instrument, of nil par value
type of instrument
Identification code GG00B4L84979
(b) Nature of the transaction Purchase of American Depository
Receipts
(c) Price(s)and volume(s) Price(s) Volume(s)
----------------- ------------------
$8.95 20,590
(d) Aggregated information N/A
* Aggregated volume
* Price
(e) Date of the transaction 5 October 2020
(f) Place of the transaction US OTC Market
------------------------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Jonathan Molot
----------------------------------- --------------------------------------
2 Reason for the notification
(a) Position/status A PDMR occupying the position of
Chief Investment Officer
(b) Initial notification Initial
/Amendment
----------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
(a) Name Burford Capital Limited
(b) LEI 549300FUKUWFYJMT2277
----------------------------------- --------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
(a) Description of 5.569598% interest in Jonathan
the financial instrument, Molot LLC, which holds 6,000,000
type of instrument shares in Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Acquisition of membership interests
from Jonathan T. Molot 2018 Trust
(c) Price(s)and volume(s) Price(s) Volume(s)
---------------- --------------------
$3,103,615.78 5.569598% interest
(d) Aggregated information N/A
* Aggregated volume
* Price
(e) Date of the transaction 7 October 2020
(f) Place of the transaction N/A
----------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Jonathan T. Molot 2018 Trust
---------------------------------- -------------------------------------
2 Reason for the notification
(a) Position/status A person closely associated with
Jonathan Molot, a PDMR occupying
the position of Chief Investment
Officer
(b) Initial notification Initial
/Amendment
---------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
(a) Name Burford Capital Limited
(b) LEI 549300FUKUWFYJMT2277
---------------------------------- -------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
(a) Description of 5.569598% interest in Jonathan
the financial instrument, Molot LLC, which holds 6,000,000
type of instrument shares in Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Disposal of membership interests
to Jonathan Molot
(c) Price(s)and volume(s) Price(s) Volume(s)
--------------- --------------------
$3,103,615.78 5.569598 % interest
(d) Aggregated information N/A
* Aggregated volume
* Price
(e) Date of the transaction 7 October 2020
(f) Place of the transaction N/A
---------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Jonathan Molot
---------------------------------- --------------------------------------
2 Reason for the notification
(a) Position/status A PDMR occupying the position of
Chief Investment Officer
(b) Initial notification Initial
/Amendment
---------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
(a) Name Burford Capital Limited
(b) LEI 549300FUKUWFYJMT2277
---------------------------------- --------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
(a) Description of 25.284185% interest in Jonathan
the financial instrument, Molot LLC, which holds 6,000,000
type of instrument shares in Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Acquisition of membership interests
from Jonathan T. Molot 2019 Trust
(c) Price(s)and volume(s) Price(s) Volume(s)
---------------- --------------------
$14,089,418.07 25.284185% interest
(d) Aggregated information N/A
* Aggregated volume
* Price
(e) Date of the transaction 7 October 2020
(f) Place of the transaction N/A
---------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Jonathan T. Molot 2019 Trust
---------------------------------- -------------------------------------
2 Reason for the notification
(a) Position/status A person closely associated with
Jonathan Molot, a PDMR occupying
the position of Chief Investment
Officer
(b) Initial notification Initial
/Amendment
---------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
(a) Name Burford Capital Limited
(b) LEI 549300FUKUWFYJMT2277
---------------------------------- -------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
(a) Description of 25.284185% interest in Jonathan
the financial instrument, Molot LLC, which holds 6,000,000
type of instrument shares in Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Disposal of membership interests
to Jonathan Molot
(c) Price(s)and volume(s) Price(s) Volume(s)
--------------- --------------------
$14,089,418.07 25.284185% interest
(d) Aggregated information N/A
* Aggregated volume
* Price
(e) Date of the transaction 7 October 2020
(f) Place of the transaction N/A
---------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Jonathan Molot
------------------------------------- -------------------------------------
2 Reason for the notification
(a) Position/status A PDMR occupying the position of
Chief Investment Officer
(b) Initial notification Initial
/Amendment
------------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
(a) Name Burford Capital Limited
(b) LEI 549300FUKUWFYJMT2277
------------------------------------- -------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
(a) Description of 30.853783% interest in Jonathan
the financial instrument, Molot LLC, which holds 6,000,000
type of instrument shares in Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Transfer of membership interests
to Jonathan T. Molot 2020 Trust
No. 2
(c) Price(s)and volume(s) Price(s) Volume(s)
----------- ------------------------
Zero 30.853783% interest
(d) Aggregated information N/A
* Aggregated volume
* Price
(e) Date of the transaction 8 October 2020
(f) Place of the transaction N/A
------------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Jonathan T. Molot 2020 Trust No.
2
------------------------------------- -------------------------------------
2 Reason for the notification
(a) Position/status A person closely associated with
Jonathan Molot, a PDMR occupying
the position of Chief Investment
Officer
(b) Initial notification Initial
/Amendment
------------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
(a) Name Burford Capital Limited
(b) LEI 549300FUKUWFYJMT2277
------------------------------------- -------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
(a) Description of 30.853783% interest in Jonathan
the financial instrument, Molot LLC, which holds 6,000,000
type of instrument shares in Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Transfer of membership interests
from Jonathan Molot
(c) Price(s)and volume(s) Price(s) Volume(s)
----------- ------------------------
Zero 30.853783% interest
(d) Aggregated information N/A
* Aggregated volume
* Price
(e) Date of the transaction 8 October 2020
(f) Place of the transaction N/A
------------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Jim Kilman
--------------------------------------------- -----------------------------------
2 Reason for the notification
(a) Position/status A PDMR occupying the position of
Chief Financial Officer
(b) Initial notification Initial
/Amendment
--------------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
(a) Name Burford Capital Limited
(b) LEI 549300FUKUWFYJMT2277
--------------------------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
(a) Description of Ordinary shares of nil par value
the financial instrument,
type of instrument
Identification code GG00B4L84979
(b) Nature of the transaction Vesting of share award under the
Burford Capital 2016 Long Term
Incentive Plan
(c) Price(s)and volume(s) Price(s) Volume(s)
---------------- -----------------
545p 8,570
(d) Aggregated information N/A
* Aggregated volume
* Price
(e) Date of the transaction 5 October 2020
(f) Place of the transaction Outside a trading venue
------------------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Mark Klein
-------------------------------------- ------------------------------------------
2 Reason for the notification
(a) Position/status A PDMR occupying the position of
General Counsel & Chief Administrative
Officer
(b) Initial notification Initial
/Amendment
-------------------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
(a) Name Burford Capital Limited
(b) LEI 549300FUKUWFYJMT2277
-------------------------------------- ------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
(a) Description of Ordinary shares of nil par value
the financial instrument,
type of instrument
Identification code GG00B4L84979
(b) Nature of the transaction Vesting of share award under the
Burford Capital 2016 Long Term
Incentive Plan whereby a portion
of the vested shares (4,366) were
sold to settle tax liability with
the balance retained. After the
settlement of tax, the individual
described above received 8,489
shares.
(c) Price(s)and volume(s) Price(s) Volume(s)
--------------- -------------------------
625p 12,855 (vested)
677p 4,366 (sale)
8,489 (retained)
(d) Aggregated information N/A
* Aggregated volume
* Price
(e) Date of the transaction 5 October 2020
(f) Place of the transaction London Stock Exchange AIM market
-------------------------------------- ------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHBXBDGRDGDGGI
(END) Dow Jones Newswires
October 08, 2020 09:28 ET (13:28 GMT)
1 Year Burford Capital Chart |
1 Month Burford Capital Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
